GBP/USD Forecast April 3, 2017, Technical Analysis

The GBP/USD pair fell initially on Friday but found enough support to turn things around and show signs of strength. Currently, looks as if the British pound is starting to pick up a little bit of momentum but there is a lot of noise just above. Once we get above the 1.27 level, the markets are free to go much higher. Alternately, a pullback should be supported, and could offer a nice buying opportunity as it would represent “value.” Currently, I have no interest in selling this market and believe that the British pound is starting to look interesting.

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